FLG CONCEPT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FLG CONCEPT
Largest movements
- Tangible fixed assets -€42,078
down €42,078 (-19.6%), from €214,600 to €172,522
- Receivables within one year -€22,876
down €22,876 (-6.2%), from €367,207 to €344,331
of which Other amounts receivable: -€84,669
- Cash +€6,442
up €6,442 (+20.8%), from €30,938 to €37,380
mainly Other debts (+€72,922) and Net result for the year (+€63,945)
- Advances received -€109,134
down €109,134 (-100.0%), from €109,134 to €0
- Other debts +€72,922
up €72,922 (+3154.4%), from €2,312 to €75,234
- Debts after one year -€29,121
down €29,121 (-22.3%), from €130,765 to €101,644
- Trade debts +€19,604
up €19,604 (+34.9%), from €56,186 to €75,789
- Reserves -€17,000
down €17,000 (-10.1%), from €168,860 to €151,860
- Gross operating margin -€42,103
down €42,103 (-22.2%), from €190,066 to €147,963
- Taxes -€16,708
down €16,708 (-41.3%), from €40,435 to €23,727
- Financial charges +€4,717
up €4,717 (+55.2%), from €8,543 to €13,261
- Financial income -€3,862
down €3,862 (-98.9%), from €3,904 to €42
- Other operating charges -€2,855
down €2,855 (-42.9%), from €6,648 to €3,794
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €626,667 | €564,673 | -€61,995 | -9.9% |
| Fixed assets | 21/28 | €214,600 | €172,522 | -€42,078 | -19.6% |
| Tangible fixed assets | 22/27 | €214,600 | €172,522 | -€42,078 | -19.6% |
| Land and buildings | 22 | €119,233 | €110,801 | -€8,433 | -7.1% |
| Plant, machinery and equipment | 23 | €10,588 | €4,248 | -€6,339 | -59.9% |
| Furniture and vehicles | 24 | €25,769 | €9,287 | -€16,481 | -64.0% |
| Other tangible fixed assets | 26 | €59,010 | €48,185 | -€10,825 | -18.3% |
| Current assets | 29/58 | €412,067 | €392,151 | -€19,917 | -4.8% |
| Amounts receivable within one year | 40/41 | €367,207 | €344,331 | -€22,876 | -6.2% |
| Trade receivables | 40 | €281,266 | €343,059 | +€61,793 | +22.0% |
| Other amounts receivable | 41 | €85,942 | €1,273 | -€84,669 | -98.5% |
| Cash at bank and in hand | 54/58 | €30,938 | €37,380 | +€6,442 | +20.8% |
| Deferred charges and accrued income | 490/1 | €13,922 | €10,439 | -€3,483 | -25.0% |
| Total equity and liabilities | 10/49 | €626,667 | €564,673 | -€61,995 | -9.9% |
| Equity | 10/15 | €243,392 | €240,337 | -€3,055 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,860 | €151,860 | -€17,000 | -10.1% |
| Distributable reserves | 133 | €168,860 | €151,860 | -€17,000 | -10.1% |
| Profit (loss) carried forward | 14 | €55,932 | €69,877 | +€13,945 | +24.9% |
| Amounts payable | 17/49 | €383,276 | €324,336 | -€58,940 | -15.4% |
| Amounts payable after more than one year | 17 | €130,765 | €101,644 | -€29,121 | -22.3% |
| Financial debts | 170/4 | €130,765 | €101,644 | -€29,121 | -22.3% |
| Amounts payable within one year | 42/48 | €252,511 | €222,692 | -€29,819 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €63,878 | €54,121 | -€9,757 | -15.3% |
| Financial debts | 43 | - | €1,305 | +€1,305 | |
| Credit institutions | 430/8 | - | €1,305 | +€1,305 | |
| Trade debts | 44 | €56,186 | €75,789 | +€19,604 | +34.9% |
| Suppliers | 440/4 | €56,186 | €75,789 | +€19,604 | +34.9% |
| Advances received on contracts in progress | 46 | €109,134 | €0 | -€109,134 | -100.0% |
| Taxes, remuneration and social security | 45 | €21,002 | €16,243 | -€4,759 | -22.7% |
| Taxes | 450/3 | €21,002 | €16,243 | -€4,759 | -22.7% |
| Other amounts payable | 47/48 | €2,312 | €75,234 | +€72,922 | +3154.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,274 | €43,277 | -€1,997 | -4.4% |
| Other operating charges | 640/8 | €6,648 | €3,794 | -€2,855 | -42.9% |
| Non-recurring operating charges | 66A | €1,385 | €0 | -€1,385 | -100.0% |
| Gross operating margin | 9900 | €190,066 | €147,963 | -€42,103 | -22.2% |
| Operating profit (loss) | 9901 | €136,759 | €100,891 | -€35,867 | -26.2% |
| Financial income | 75/76B | €3,904 | €42 | -€3,862 | -98.9% |
| Recurring financial income | 75 | €3,904 | €42 | -€3,862 | -98.9% |
| Financial charges | 65/66B | €8,543 | €13,261 | +€4,717 | +55.2% |
| Recurring financial charges | 65 | €8,543 | €13,261 | +€4,717 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €132,120 | €87,672 | -€44,447 | -33.6% |
| Income taxes | 67/77 | €40,435 | €23,727 | -€16,708 | -41.3% |
| Profit (loss) for the period | 9904 | €91,684 | €63,945 | -€27,739 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,684 | €63,945 | -€27,739 | -30.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.